The past decade has witnessed a surge in interest in the area of financial globalization and economic performance. This … Applied Economics, 1 (1), 35-54 -- Joseph E. Stiglitz (2004), 'Capital-Market Liberalization, Globalization, and the IMF …. Prasad and Marco E. Terrones (2007), 'How Does Financial Globalization Affect Risk Sharing? Patterns and Channels', IMF …